Replies to post #2768 on Net Element, Inc. (NETE)

[javier1973]

And red red red

[cjstocksup]

This is HUGE news for NETE shareholders:
With first cards being issued in December 2015, full commercial rollout is expected to take place in 2016 and it is anticipated that the card will become a major player in the Russian market on par with Visa and MasterCard. The central bank plans to promote the card among state employees in 2016, and further into the future make it a globally accepted method of payment.

PayOnline plans to utilize its direct partnerships with the acquiring banks outside of the Russian Federation in order to promote Russian National Payment Card System acceptance scheme as well as utilize PayOnline's payment acceptance platform to process Mir cards within the Russian Federation.

"Undoubtedly, the potential for the National Payment System is tremendous, taking into account constantly growing market and government initiatives to stimulate electronic forms of payment," commented Marat Abasaliev, CEO of PayOnline. "PayOnline which accounts for 30% of the IPSP market is prepared to play a key role in the process and incorporate best practices from around the world in order to support successful roll out."

"With central bank promoting Mir card to state employees and PayOnline having a significant share of online payments market in Russia, we believe that PayOnline will benefit from increased transactions and card usage in the market, ultimately resulting in increased revenue opportunities for the Company in the upcoming years," commented Oleg Firer, CEO of Net Element.

About PayOnline PayOnline provides flexible high-tech payment solutions to companies doing business on the Internet. They have wide experience in integration and customization of payment solutions for websites and mobile apps. They are able to arrange payments on the website of any commercial organization that increases convenience with highest possible level of successful transactions. Thousands of companies in CIS, Europe and Asia use PayOnline to accept payments online. PayOnline offices are located in Russia and in the Republic of Cyprus. For more information, please visit: www.payonline.ru/en or www.payonline.ru.